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Bearish Moving Average Cross by Brookdale Senior Living (BKD)

By David Diaz

Today, shares of Brookdale Senior Living (NYSE:BKD) have fallen below their 10-day MA of $24.93 on a volume of 172K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Brookdale Senior Living share prices have been bracketed by a low of $14.19 and a high of $26.11 and are now at $24.79, 75% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has advanced 0.7%.

SmarTrend recommended that subscribers consider buying shares of Brookdale Senior Living on November 20th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $24.57. Since that recommendation, shares of Brookdale Senior Living have risen 3.4%. We continue to monitor BKD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses brookdale senior living

Ticker(s): BKD